The Securities Division undertakes the regulation of the capital market and investment fund industry in Barbados under the Securities Act and Mutual Funds Act, respectively. It advances the work which was conducted by the former regulator – the Securities Commission – by administering relevant legislation and by adopting and applying international standards and practices in a meaningful and facilitative manner. Key functions of the Division include:
- determining applications to register and license corporate bodies and individuals inclusive of issuers; brokers; investment advisors; dealers; traders; underwriters; securities companies; self-regulatory organizations, e.g.; the stock exchange, mutual funds and mutual fund administrators or managers
- continuously monitoring registrants and licensees with respect to market conduct, as well as prudential and compliance requirements
- establishing standards to contribute to a fair, orderly and efficient capital market
- regulating the activities of registrants and licensees to ensure they are properly managing risks
- handling enforcement matters, including making recommendations for suspensions or revocations of registration or licenses
